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IF formula: need help creating the formula

S

Smitty15

New Member
Column B is text either "Credit" or "Debit"

Column D is number

Column E is running balance


I want an "if" statement to this effect: If Column B = Credit then "Add" Column D to Column E, but If Column B = Debit then "Subtract" Columnd D from Column E.


This would be a running tally as entries are made. Any idea how I can do this? Thanks in advance.
 
Smitty

Give this a go in E3

Code: 
=E2+IF(B3="Credit",D3,-D3)

Copy down as appropriate
 
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